Mr. Tom Hearne reports

TIIDAL RECEIVES SHAREHOLDER APPROVAL FOR THE SALE OF SPORTSFLARE AND ANNOUNCES RESULTS OF ITS MEETING OF SHAREHOLDERS

Further to the press release dated March 14, 2023, Tiidal Gaming Group Corp. received the approval of its shareholders at its annual and special meeting of shareholders held today, for, among other things, the sale of the outstanding shares of the company's operating subsidiary, Tiidal Gaming N.Z. Ltd. (Sportsflare), which represent substantially all the assets of the company, to Entain Holdings (U.K.) Ltd. for total consideration of $13.25-million, subject to standard transaction adjustments. More than 99 per cent of the common shares represented at the meeting were voted in favour of the transaction.

The completion of the transaction remains subject to the satisfaction or waiver of certain closing conditions customary for transactions of this nature. Assuming the satisfaction or waiver of these conditions, the transaction is expected to be completed in or about May, 2023.

Additionally, at the meeting, Thomas Hearne, Neil Duffy, David Wang and Zachary Goldenberg were re-elected to the company's board of directors for the ensuing year. The company's shareholders also approved the appointment of MNP LLP as the auditor of the company for the ensuing year and authorized the board to determine the auditor's remuneration.

The common shares were voted in connection with the election of the directors as set out in the attached table.

                       VOTING RESULTS FOR ELECTION OF DIRECTORS
 
Director               Votes for   % of votes for   Votes withheld   % of votes withheld

Thomas Hearne         35,251,685            99.79%          75,330                  0.21%       
Neil Duffy            35,316,928            99.97%          10,087                  0.03%       
David Wang            35,251,685            99.79%          75,330                  0.21%       
Zachary Goldenberg    35,262,672            99.79%          65,330                  0.18%       

The company also announces that effective today, following the company's request, the quotation of the company's common shares in the United States has been relegated from OTCQB to OTC Pink. The company's U.S. trading symbol remains TIIDF.

About Tiidal Gaming Group Corp.

Tiidal is a leading media and technology platform, enabling next-generation engagement in e-sports and gaming. The company is positioned at the intersection of gaming, media and betting, and enables its partners to create positive, engaging, and immersive fan and consumer experiences through its industry-leading media and technology offerings. With deep industry roots and expertise, Tiidal is focused on the next generation of fan and consumer and building the future of game-based entertainment.

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